As the insider trading trial of Las Vegas gambler Billy Walters swung into its week that is second on, Carl Icahn’s name had been once again dragged into proceedings.
Presidential adviser Carl Icahn name has again been brought up in the Billy Walters case. Federal prosecutors want to introduce proof that Walters spoke to his friend, Icahn, prior to he bought stocks in Clorox in 2011.
Icahn, the billionaire investor that is activist owner of the Tropicana Casino and two shuttered former Trump gambling enterprises in Atlantic City, and unpaid adviser towards the President associated with the United States, is a friend of Walters’.
This might be the insider trading case that is biggest in years. Walters is accused of earning $43 million from illegal currency markets trades on the dairy that is dallas-based Dean Foods. Former Dean Foods president, Tom Davis is accused of feeding privileged information to Walters over a period that is seven-year.
Davis is testifying against his former friend as an ingredient of a plea bargain with federal prosecutors after admitting charges including securities fraud and wire fraudulence.
It is also alleged that Walters shared insider information, obtained from Davis, together with buddies, including the golfer Phil Mickelson, whose attorneys have said would ‘take the fifth’ if he were called as witness.